碳中和领域动态追踪（一百五十四）：《电动汽车用动力蓄电池安全要求》技术要求提升，利好固态电池

Investment Rating - The report maintains a "Buy" rating for the electric power equipment and new energy sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark index [5][8]. Core Insights - The implementation of the new national standard GB38031-2025 for electric vehicle power batteries, effective from July 1, 2026, significantly enhances safety requirements, particularly regarding thermal runaway incidents [1][2]. - The new standard introduces several upgrades, including new triggering methods for thermal runaway, extended monitoring times, and additional safety tests for fast-charging cycles, which are expected to increase the demand for solid-state batteries and related safety technologies [2][3]. - The industry is likely to see a consolidation trend as companies unable to meet the new safety standards may exit the market, leading to a higher concentration of leading firms [3]. Summary by Sections New Standards and Requirements - The GB38031-2025 standard includes upgraded triggering methods for thermal runaway, new thermal stability requirements, extended observation times, and additional impact tests for battery safety [2]. - Specific requirements include no fire or explosion during testing after fast charging cycles, and the need for alarms and smoke-free conditions in passenger compartments [2]. Market Implications - The heightened safety requirements are expected to drive demand for solid-state batteries and innovations in safety materials and systems, such as composite electrolytes and cooling systems [3]. - The report suggests that the implementation of the new standards will catalyze the development and commercialization of solid-state batteries, with significant opportunities for companies involved in this technology [3]. Investment Opportunities - The report highlights potential investment opportunities in companies focusing on solid-state electrolytes, battery equipment, and safety materials, including Ningde Times, Shanghai Xiba, and others [3].